KLA (NASDAQ:KLAC – Get Rating) will release earnings data after market close on Thursday, April 28. Analysts expect KLA to post earnings of $4.84 per share for the quarter. KLA set its guidance for the third quarter at $4.35-5.25 EPS. Those interested in participating in the company’s earnings conference call can do so using this link.
KLA (NASDAQ:KLAC – Get Rating) last released its quarterly results on Thursday, January 27. The semiconductor company reported EPS of $5.59 for the quarter, beating analyst consensus estimates of $5.43 by $0.16. KLA had a return on equity of 79.07% and a net margin of 36.57%. The company posted revenue of $2.35 billion in the quarter, compared to $2.33 billion expected by analysts. In the same quarter last year, the company posted earnings per share of $3.24. KLA’s quarterly revenue increased 42.5% year over year. On average, analysts expect KLA to post EPS of $20 for the current fiscal year and EPS of $25 for the next fiscal year.
KLA stock opened at $345.59 on Thursday. KLA has a 52-week low of $285.89 and a 52-week high of $457.12. The stock has a market capitalization of $52.09 billion, a P/E ratio of 17.79, a PEG ratio of 0.79 and a beta of 1.26. The stock has a 50-day simple moving average of $349.75 and a 200-day simple moving average of $377.21. The company has a debt ratio of 0.85, a quick ratio of 1.76 and a current ratio of 2.41.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1. Shareholders of record on Monday, February 14 received a dividend of $1.05 per share. This represents a dividend of $4.20 on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, February 11. KLA’s dividend payout ratio is currently 21.62%.
KLAC has been the subject of several research analyst reports. Piper Sandler raised her price target on KLA shares from $361.00 to $402.00 and gave the company a “neutral” rating in a Friday, Jan. 28 research report. Needham & Company LLC reissued a “buy” rating and posted a price target of $410.00 (from $400.00 previously) on KLA shares in a research note on Friday, January 28. Susquehanna Bancshares raised its price target on KLA shares from $490.00 to $510.00 and gave the company a “positive” rating in a Friday, January 28 research report. Barclays raised its price target on KLA shares from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday January 12. Finally, Morgan Stanley cut its price target on KLA shares from $431.00 to $400.00 and set an “equal weight” rating on the stock in a Friday, Jan. 28 research report. Seven investment analysts gave the stock a hold rating and fourteen gave the company a buy rating. Based on MarketBeat data, KLA currently has an average rating of “Buy” and an average target price of $448.85.
Separately, Chief Financial Officer Bren D. Higgins sold 1,418 shares of the company in a trade on Tuesday, February 22. The shares were sold at an average price of $355.06, for a total transaction of $503,475.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.14% of the company’s shares.
A number of hedge funds have recently bought and sold shares of KLAC. Paradigm Financial Partners LLC purchased a new equity stake in KLA during Q4 for $269,000. Forum Financial Management LP acquired a new stake in KLA during the 4th quarter worth approximately $309,000. KB Financial Partners LLC purchased a new equity stake in KLA during Q4 worth approximately $25,000. NewEdge Advisors LLC increased its stake in KLA by 20.9% in the 4th quarter. NewEdge Advisors LLC now owns 11,326 shares of the semiconductor company valued at $4,872,000 after buying an additional 1,960 shares last quarter. Finally, Kingsview Wealth Management LLC increased its stake in KLA by 59.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,143 shares of the semiconductor company worth $922,000 after buying 800 more shares last quarter. 86.67% of the shares are currently held by institutional investors.
About KLA (Get a rating)
KLA Corporation designs, manufactures and markets process control and performance management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer fabrication products, including defect examination and inspection systems, metrology solutions, in-situ process monitoring products, computational lithography software and data analysis that enables chip makers to manage yield throughout the semiconductor manufacturing process.
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